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Inland Green Capital Originates C-PACE Financing for a 28-Unit Multifamily Complex in Wisconsin

Oak Brook, Ill. – Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the origination of nearly $1 million in commercial Property Assessed Clean Energy (“C-PACE”) financing for environmental improvements for a multifamily conversion project in Oshkosh, Wisconsin.

Formerly an industrial property that was home to Wisconsin-based Miles Kimball, a catalog business offering gifts and household items, the building will be converted to a multifamily complex featuring 28 apartment units with 43 parking spaces.

The C-PACE capital will help fund HVAC, LED lighting, roof, windows and water conservation improvements for the four-story complex located at 851 South Main Street. The improvements are expected to reduce the property’s annual electricity and water consumption by 325,947 kilowatt-hours and 643,713 gallons, respectively, when compared with a standard baseline building performance model. Total lifecycle savings are anticipated to reach over $1.4 million.

"We are thrilled to be a part of this project and add C-PACE within the borrower’s capital stack,” commented Mark Pikus, president of Inland Green Capital. “This conversion from industrial to multifamily is just one example of how C-PACE financing can assist commercial property owners in lowering their cost of capital, achieve their sustainability goals and save operating costs.”

This is Inland Green Capital’s sixth transaction in the State of Wisconsin.

A pioneer in the industry with a decade of expertise, Inland Green Capital specializes in C-PACE financings for C-PACE project initiatives throughout the country, including retroactive and small loan balance projects. C-PACE is an innovative financing tool that provides long-term, fixed-rate funding to private building owners for energy efficiency, renewable energy, water conservation, electric vehicle charging and resiliency projects to be installed in both existing and new commercial properties. From 2009 to 2023, C-PACE programs have funded more than 3,100 qualifying projects nationwide for a total of more than $5.2 billion, while also creating over 65,000 jobs.*

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About Inland Green Capital LLC
Inland Green Capital LLC is an environmental finance and investment company that provides capital for energy efficiency solutions for property owners using PACE and other funding tools throughout the country. Established in 2012, Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and financial groups. For more information about Inland Green Capital, please refer to the company website at: www.inlandgreencapital.com.

*Source: PACE Nation